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Venture Capital Firms Valuation in Bull and Bear Markets : Evidence From Sweden

Isaksson, Anders - 2020

This study uses an experimentally designed case study approach to investigate Swedish venture capital firms' valuation practices in two different economic contexts – the economic boom (bull market) of 1999 and the downturn (bear market) of 2002. A key finding in our study is that during...

Persistent link: https://www.econbiz.de/10012838963

Angel Cognition and Active Involvement in BA Groups : A Cross-Country Empirical Analysis

Wirtz, Peter - 2019

The present research sets out to reach a better understanding of the determinants of business angels' active involvement in making business angel groups accomplish diverse functions and building cognitive resources and shared competencies. We develop a framework where angels' decision making...

Persistent link: https://www.econbiz.de/10012888909

European Competitiveness : A Semi-Parametric Stochastic Metafrontier Analysis at the Firm Level

Dumont, Michel - 2014

In this paper a semiparametric stochastic metafrontier approach is used to obtain insight into firm level competitiveness in Europe. We differ from standard TFP studies at the firm level as we simultaneously allow for inefficiency, noise and do not impose a functional form on the input-output...

Persistent link: https://www.econbiz.de/10013050095

Are particular industries more likely to succeed? : a comparative analysis of VC investment in the US and Europe

Kräussl, Roman; Krause, Stefan - 2010

The objective of this study is to determine whether specific industries across countries or within countries are more likely to reach a stage of profitability and make a successful exit. In particular, we assess whether firms in certain industries are more prone to exit via IPO, be acquired, or...

Persistent link: https://www.econbiz.de/10003947460

Which form of venture capital is most supportive of innovation?

Bertoni, Fabio; Tykvová, Tereza - 2012

Although there seems to be consensus in the literature that venture capital investors increase the innovation output of their portfolio companies, there is little evidence about how investor type (governmental vs. private) and transaction structure (syndicated vs. non-syndicated) moderate this...

Persistent link: https://www.econbiz.de/10009510109

Dynamic Implied Correlation Modeling and Forecasting in Structured Finance

Löhr, Sebastian - 2015

Correlations are the main drivers for credit portfolio risk and constitute a Major element in pricing credit derivatives such as synthetic single-tranche collateralized debt obligation swaps. This paper suggests a dynamic panel regression Approach to model and forecast implied correlations....

Persistent link: https://www.econbiz.de/10013034784

Are Financial Analysts of IPO Firms Under Pressure : The European Evidence

Boissin, Romain - 2012

Long run returns of IPO firms' recommendations in Europe reveal possible conflicts of interest and pressures faced by financial analysts over the 1991-2005 period. Nevertheless, recent European legislations about investment research have led to better long run performance of IPO firms'...

Persistent link: https://www.econbiz.de/10013112142

Modeling and explaining the dynamics of European Union Allowance prices at high-frequency

Conrad, Christian; Rittler, Daniel; Rotfuß, Waldemar - 2010

In this paper we model the adjustment process of European Union Allowance (EUA) prices to the releases of announcements … the high-frequency EUA price dynamics are very well captured by a fractionally integrated asymmetric power GARCH process …. The decisions of the European Commission on second National Allocation Plans have a strong and immediate impact on EUA …

Persistent link: https://www.econbiz.de/10003949627

How persistent are international capital flows?

Galstyan, Vahagn (contributor) - 2009

This paper documents the dynamic properties of the current account, trade balance and international capital flows. For this purpose, two approaches are taken: probit and a nonparametric estimation. The probabilistic approach shows that, in general, deficits and net inflows tend to be more...

Persistent link: https://www.econbiz.de/10003795866

Tomatoes or tomato pickers? : the NAFTA case

Melchor del Río, Amaranta; Thorwarth, Susanne - 2006

This paper examines the relationship between trade liberalisation and migration in the case of Mexico. The increasing bilateral trade between Mexico and the United States after signing the North American Free Trade Agreement (NAFTA) was supposed to stem the illegal Mexican migration flow by...

Persistent link: https://www.econbiz.de/10003393864

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